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News | Wednesday, 28 January 2009

GlobalCapital Financial Management Ltd - Malta Stock Exchange Review

A flat picture at the local market

Yesterday, during the second session of the week, Garrison Chapel witnessed a muted session. The Malta Stock Exchange index finished unchanged from its previous session close at 3211.25 points. Activity was poor as only the shares of Bank of Valletta p.l.c. were traded.
On the banking front, the shares of Bank of Valletta p.l.c. preferred to stay on the sidelines. The share price remained static at €2.70 across 13,316 shares. These shares were transacted across eighteen deals and carried a market value of €35,951.83. The price shifted in a very tight range of €2.699 to €2.70. At the end of trading, bids for 5,970 shares stood at €2.681, whereas the best offer for 1,232 shares stood at €2.70.
The shares of Bank of Valletta p.l.c. had the worst performance of the week as the share price lost 9.82 per cent from its closing price of €2.994 on Tuesday 20 January. On a positive note, the shares of HSBC Bank Malta p.l.c. climbed 4.63 per cent from its closing price of €2.70 on 20th January. The total turnover of the week in Bank of Valletta p.l.c. amounted to 80,749 shares. These shares carried a market value of €223,360. A total of 21,635 shares were swapped in HSBC Bank Malta p.l.c. across fourteen trades.
The shares of GlobalCapital p.l.c. are trading at €1.991.
In the fixed interest market, a total of €784,149 (Twelve deals) were transacted in Government Bonds. All traded Government bonds finished on the back foot. The 5.5 per cent MGS 2023 incurred the sharpest decline as it lost 3.21 per cent to close at €103.12 across three transactions. The 7.8 per cent Malta Government Stock maturing in 2018 had the strongest volume of the day as 500,000 units were swapped in one deal. This stock finished at €124.25, down 2.61 per cent.
A total of €110,027 (Thirteen deals) were transacted in Corporate Bonds. The 4.6 per cent HSBC Bank Malta p.l.c. that matures in 2017 decreased 0.01 per cent to €100.24 across 25,000 units. On the other side of the spectrum, the 7 per cent Gap Developments p.l.c. Euro that matures in 2011-13 and the 5.6 per cent GlobalCapital p.l.c. 2014/16 increased 2.41 per cent and 0.77 per cent to €85 and €65.50 respectively. The other negotiated Corporate Bonds i.e. the 3.8 per cent European Investment Bank 2009, the 5.9 per cent HSBC Bank Malta p.l.c. 2018, the 7 per cent Midi p.l.c. 2016-2018 and the 7 per cent Pavi Shopping Complex p.l.c. 2014 -2017 finished unchanged at €100, €106, €101 and €98 respectively.
The turnover value in the Treasury Bill secondary market amounted to €120,922 (One transaction).

Issued by GlobalCapital Financial Management Ltd, 120 The Strand, Gzira, GZR1027 for information purposes only and is not intended to constitute any financial, legal or tax advice. This write up is not to be taken as investment advice to buy or sell any investment. Investors should seek professional advice prior to taking investment decisions and should note that the value of investments may fall as well as rise. Readers who would like more information are invited to send an E-mail to info@globalcapital.com.mt or Tel: 21 342342. GlobalCapital Financial Management Ltd is a member of the Malta Stock Exchange and is licensed by the Malta Financial Services Authority (MFSA).

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28 January 2009
ISSUE NO. 567

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